VOL. XLV

No 30

29-July-2002

OMAN

PDO Hikes Expenditure In 2001, Faces CostControl Challenges

Petroleum Development Oman (PDO)said in its Annual Report 2001 thattotal expenditure last year was $1,259mn, which is up $121mn on the previousyear痴 levels. The increase, which consisted of $86mn in capital expenditureand $35mn in operating expenditure, represents a rise of 10% in both categoriesover the previous year. Capital expenditure climbed in all subcategories apartfrom seismic exploration,...